Terms and Conditions

· Eligibility: You must be 21 years old and no more than 65 years old when the loan matures. You may also need to have a minimum turnover of 40 Lakhs per annum.

· Profitability: You may need to show that your business has been profitable for the last 3 financial years.

· Documentation: You may need to provide documents such as income tax returns, PAN card, GST registration, proof of ownership, bank statements, KYC documents, partnership agreements, and incorporation certificates.

· CIBIL score: You may need to maintain a CIBIL score of 700 and above.

· Business vintage: You may need to have a minimum of two years of business experience.

· Loan type: There are different types of business loans, including short-term, long-term, and interim-term loans. Short-term loans are typically used for immediate cash flow needs, while long-term loans are suitable for businesses that are expanding.

· Loan structure: These are unsecured business loans based on your company documents.